|Personal Brand Presence||7 / 10|
|Authoritativeness||9 / 10|
|Expertise||6 / 10|
|Influence||8 / 10|
|Overall Rating||8 / 10|
In addition, Voorhees is the founder and CEO of ShapeShift, an instant Bitcoin and altcoin exchange that he invented and ran until March 2015, when he announced his affiliation with the business as part of an announcement for seed funding. Some of his business endeavors have led to fines and legal problems with the US Securities and Exchange Commission.
Voorhees is a vocal libertarian who is against taxation, financial regulation, and all forms of government. ShapeShift, which is a free service, is a reflection of his political and economic views.
In response to a G20 report from October 13, 2020, which stated that its members would complete regulatory stablecoin frameworks as well as research and select designs, technologies, and experiments for CBDCs, Voorhees tweeted on October 14, 2020: “By the end of 2022 Bitcoin will already be bigger than half of them.”
ShapeShift’s open-source software and governance will progressively move to owners of the exchange’s FOX token, which has already been issued to ShapeShift’s staff, investors, and users, in line with Voorhees’ aim of creating a decentralized, immutable, and borderless financial system. The largest airdrop in history will take place in 2022, when every active user will get 340 million FOX tokens as part of a giveaway.
The decision was made, according to Vorhees, who explained the reasoning in a Medium post, “Decentralization has become not merely a feasible organizational approach, but the crucial paradigm for enabling the borderless, immutable financial system for which so many of us fervently support.”